Hedge Fund Analysts Insider Trading
Hedge Fund Analysts Talk to Insider Trading Investigators
The new insider trading charges announced by federal prosecutors Wednesday are certain to fuel more speculation — and anxiety – in the hedge fund world about which fund employees are singing to law enforcement.
The criminal complaint against Winifred Jiau, a Fremont, Calif. technology expert, described in the WSJ story here, alleges she provided inside information on public companies.
The complaint says Jiau spoke with two hedge fund portfolio managers, identified as CC-1, from Hedge Fund A, and CC-2, from Hedge Funds B and C. CC-1, the founder and principal portfolio manager at Hedge Fund A, allegedly employed CW-1, a research analyst now cooperating with the government, starting in March 2008. Source